ITRADER Scam Test

ITRADER Scam Test

Researching various forums may get you a lot of reviews, but it will take away valuable time, only to end up with disgruntled traders blaming brokers for their own bad judgment. Take the time to read this short but detailed review on ITRADER security in order to avoid all of this noise and get the information you are really looking for: is ITRADER scam?

ITRADER background

To check for ITRADER fraud, let’s take a look at the company’s background first. A brand of Hoch Capital Ltd, a Cyprus-based investment company, and with millions of traders around the globe, ITRADER is an established and large operation that stood the test of time – founded back in 2012, it successfully survived a number of crises in the industry. Using an advanced forex platform, ITRADER offers its users the comfort and security that go with it; besides full 24/5 support, it offers the option to open a free demo account. This allows you to practice trading and get to know all of the platform’s features. It’s not just traditional Forex – ITRADER offers CFD’s in stocks, as well as different commodities and indices. You can use major credit cards or wire transfers, keeping your funds safe by segregation into separate bank accounts and protection of up to 20,000 EUR by something called the Cypriot Investor Compensation Plan. No ITRADER scams here, but let’s dig deeper.

ITRADER Account Verification

ITRADER license

The webpage looks great, but more importantly, it includes several visible disclosures on the risk in trading Forex and CFDs, with both licenses and awards highlighted at the very top. It’s user-friendly, so it’s pretty easy to locate all the relevant documentation and information. Numerous awards won over the years signal that ITRADER is a legit and established broker, and even though this is a great start, it can’t guarantee safety. In order to claim ITRADER scams to be non-existent, the first thing to look for is a valid brokers license. ITRADER is licensed and regulated by the Cyprus Securities and Exchange Commission, more commonly known as CySEC, and has complete compliance with MiFID – this gains them access to 23 member states of the European Union. Under CySEC regulation, ITRADER is obligated to be a member of the ICF, and this acts as another level of protection. In translation – if at any point in time ITRADER should not be able to fulfill its legal obligations, traders can apply for compensation.

There are other ITRADER security systems in place, such as firewalls and the latest SSL encryption, in order to protect data going through their servers. Additionally, transactions are moderated by SAS 70 and Level 1 PCI standards, the highest level of PCI DSS. All of this has one job – to ensure trading activity is done privately, through a reliable and secure system. Bottom line – ITRADER fraud isn’t an option, so read on about the broker.

ITRADER Regulation

Any ITRADER scam on the platforms?

Regarding the trading platforms, if you have read our ITRADER Review, you know that this broker supports the most popular Forex trading platform – MetaTrader4 trading platform, also known as MT4. Besides desktop, it supports both the WebTrader version and mobile apps (no complicated downloads there). Basically, your access to the Internet is your way of trading. If you need even more insurance, ITRADER offers all of its clients a free Guardian Angel feature. This is a messaging system designed for investment optimization, sending you notifications on global market trends and automated feedback on your situation.

If you’re the type to read-up on everything, you’ll find a huge amount of tutorials, eBooks, and articles in its comprehensive support center. If you’re not, don’t worry – ITRADER’s multilingual (six languages besides English) customer service is extremely responsive, and you can reach them 24/5 via live chat, Whatsapp, email or phone. Both deposits and withdrawals are possible without any fees, and they always work without the slightest problem, without the slightest sign of an ITRADER scam.

ITRADER Webtrader Features

The internet is a place where everyone says their peace, and separating fact from fiction can be a daunting task. This is especially true for very volatile exchange rate environments, such as cryptocurrencies, where a broker simply is not able to ensure the desired price for an order. This results in slippage, where (mostly) inexperienced traders hit their buy or sell key, depending on the situation, and lose.

Conclusion

Still having ITRADER scam doubts? There’s no need for that. Still, maybe this is a good time to give a disclaimer of our own, so here it is. Even after doing all the necessary research, it’s always best to start with a test of your own – making a small deposit, a couple of trades and a tryout withdrawal should be enough. If, however, you’ve found yourself in a mess with a shady broker already, report them to a regulatory body and protect yourself by choosing a reliable partner – open an account with ITRADER, a legit broker.

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